The ability to shift profits to low-tax countries by locating intellectual property in them […] is often assumed to be the preserve of high-tech companies. […] current tax rules make it easy for all sorts of firms to generate […] “stateless income”: profit subject to tax in a jurisdiction that is neither the location of the factors of production that generate the income nor where the parent firm is domiciled.

I was about to say that I had known the Celebrity from the time he wore kilts. But I see I will have to amend that, because he was not a celebrity then, nor, indeed, did he achieve fame until some time after I left New York for the West.